Speech by William Poole, St Louis Fed Bank, 8 Mar

SPEECH - In the speech titled 'The Role of Finance in the Investment Bust of 2001' Poole likens the current recession to the coldness of space and the planet pluto in particular. Are we in "the pluto recession"? "The astronomers argue about whether Pluto is or is not a planet," Poole said. Any time you have an event that is out on the borderline, by definition it's not so clear." Because of the similarities in the debates, Poole said, "I think we're going to end up calling this the Pluto

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